SFGTV: San Francisco Government Television
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Mar 18, 2013
03/13
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which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25% growth, and the largest share of that is our salary and fringe benefit costs which are growing we're projecting 460 million dollars, there are a number of citywide cost increase that is are assumed in this plan, things like fully funding our capital plan, our it plan and equipment costs, the plan also assumes that we fully fund inflation on grants as well as other non-personnel services, so that's all the contracts, grants, and other types of expenditures that are not staff costs. >> supervisor breed? >> yes, can you please explain what you mean by fully fund capital plan? >> happy to answer tha
which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25%...
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Mar 25, 2013
03/13
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tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed following the quashing of his military prison sentence last year, does the prime minister agree with me that it would be totally against the public interest and against the sas regimen for him to have to face a fresh trial when others are benefiting from it rightly introduced by the state of defense as a result of the . >> my honorable friend raise answer important point. let me say how strongly i support those of the service. you get a opportunity meet them as prime minister. they are some of the bravest and finest people
tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed...
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with some experts saying if the tax is brought in may have to rethink its help for ailing europe. the u.s. military maintains there is no mass hunger strike at guantanamo bay more than one hundred detainees are reportedly starving themselves in protest at mistreatment. what washington and its allies have left behind in iraq because more deadly bombings strike the nation ahead of the ten year anniversary of the u.s. led invasion of top stories. international news and comment from our studio in. twenty four hours a day the parliament in cyprus is delayed until choose the decision on whether to and. which will cost its citizens millions of their hard earned euros every bank customer will have their cash taxed if it goes through the plan cause panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent reports on the implications the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the country on the condition that this tax a bank deposit tax be imposed now this
with some experts saying if the tax is brought in may have to rethink its help for ailing europe. the u.s. military maintains there is no mass hunger strike at guantanamo bay more than one hundred detainees are reportedly starving themselves in protest at mistreatment. what washington and its allies have left behind in iraq because more deadly bombings strike the nation ahead of the ten year anniversary of the u.s. led invasion of top stories. international news and comment from our studio in....
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Mar 23, 2013
03/13
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during some of the highest tax periods. in the 1960's, we ha 70% top tax bracket. we had a booming economy. look. the rich have plenty of money that can help us out in this situation. to invest in this country's future. >> bill: i don't know if that's freedom, mr. callahan. we appreciate you coming on. in next on the run down, lou dobbs will reply to what you just heard and why americans are not eating out in restaurants as much. two criminal cases, philadelphia doctor charged with executing babies. executing them. and jodi areas on trial for murder in arizona. we're coming right back. both tylenol and bayer advanced aspirin are proven to be effective pain relievers. tylenol works by blocking pain signals to your brain. bayer advanced aspirin blocks pain at the site. try the power of bayer advanced aspirin. to get her oven baked taste straight from the microwave. like her oven roasted chicken baked in a rich, creamy alfredo sauce. she calls them her new comfort bakes. marie callender's. it's time to savor. she calls them her new comfort bakes. google's backyard for
during some of the highest tax periods. in the 1960's, we ha 70% top tax bracket. we had a booming economy. look. the rich have plenty of money that can help us out in this situation. to invest in this country's future. >> bill: i don't know if that's freedom, mr. callahan. we appreciate you coming on. in next on the run down, lou dobbs will reply to what you just heard and why americans are not eating out in restaurants as much. two criminal cases, philadelphia doctor charged with...
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Mar 23, 2013
03/13
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but lot of state offer tax inaccepttive to intyce business to the state and i'm for lower taxes. then i broke down the numbers. new york state is offering tax credit, not simply tax deductions. estimated at or near 24 a year. i can say the taxpayers of new york would not only not collect any taxes from the "tonight show" they will toll out steps of millions in subsidiaries to nbc. we ask, was nbc, fallon and the crew of rich fat cats need that money? >> bob: are you asking me that question? >> eric: yes. >> bob: sorry. let me -- >> eric: here is the crux of the question. >> bob: i got it. i got it. >> eric: give them free money. >> eric: i don't understand that the states that entice people to production like michigan, is it that they lose money? or don't make money? this is what happens. we give you $24 million but the economic activity that you bring when you come to the city, make up for it that way. >> dana: i think this screams need for tax reform. this is so warped that for cuomo can't get his arms around the fracking issue. issuing the time regulations or whatever law they
but lot of state offer tax inaccepttive to intyce business to the state and i'm for lower taxes. then i broke down the numbers. new york state is offering tax credit, not simply tax deductions. estimated at or near 24 a year. i can say the taxpayers of new york would not only not collect any taxes from the "tonight show" they will toll out steps of millions in subsidiaries to nbc. we ask, was nbc, fallon and the crew of rich fat cats need that money? >> bob: are you asking me...
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Mar 25, 2013
03/13
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LINKTV
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he has got his tax hikes. it is time to focus on the real problem in washington, and that is spending. >> house speaker john boehner. professor, your response? also, the obama administration was warning catastrophe is sequestration took place. it took place. >> it is a stunning comment on our dysfunctional government built on top of a dysfunctional economy. here we are in the middle of a crisis. we have millions of people without work. millions of people are losing their homes. we have an economy that does not work for the vast majority. the u.s. government is one of the major customers for goods and services in america. sequestration is simply a cutback in government spending. it does not take rocket science to understand that if the government of the largest single buyer of goods and services cuts back on the goods and services it buys, that means companies across america will sell less and they will have less need of workers and it will lay off workers. so this is in fact that worsens and employment is alre
he has got his tax hikes. it is time to focus on the real problem in washington, and that is spending. >> house speaker john boehner. professor, your response? also, the obama administration was warning catastrophe is sequestration took place. it took place. >> it is a stunning comment on our dysfunctional government built on top of a dysfunctional economy. here we are in the middle of a crisis. we have millions of people without work. millions of people are losing their homes. we...
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Mar 23, 2013
03/13
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, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mitch saying my goodness the husqvarna all-wheel-drive mower is here. engineered with a unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible. all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never hav
, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is...
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Mar 20, 2013
03/13
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tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed following the quashing of his military prison sentence last year, does the prime minister agree with me that it would be totally against the public interest and against the sas regimen for him to have to face a fresh trial when others are benefiting from it rightly introduced by the state of defense as a result of the . >> my honorable friend raise answer important point. let me say how strongly i support those of the service. you get a opportunity meet them as prime minister. they are some of the bravest and finest people
tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed...
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Mar 18, 2013
03/13
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CNNW
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>> warren buffett pays corporate taxes. >> he himself says he is paying less taxes than his secretary. >> when you look at that and the portrait of the own tax liability. fair enough. >> you take that case up with warren buffett. that's what he is saying. and when you look at sort of where corporate america is sort of profiting and american middle class wages are stagnant, you can't look at this and say that's fair. >> i agree. high corporate profits are a problem. regulation exacerbate that's problem and limits at built of startups to take on the companies. that's why even in mexico taker taking on the version of warren buffett for the very good reason that's the way you get jobs and growth by having more entrepreneurship and more growth and high corporate tax that are biassed towards the ges and buffets of the world is a burden. >> it's a weird argument to say we need more regulation when corporates a corporations are sitting on record profits. >> that happens to be true. >> gentlemen, thank you both very much. still "out front," new revelations about the teenage wloer killed 26 peo
>> warren buffett pays corporate taxes. >> he himself says he is paying less taxes than his secretary. >> when you look at that and the portrait of the own tax liability. fair enough. >> you take that case up with warren buffett. that's what he is saying. and when you look at sort of where corporate america is sort of profiting and american middle class wages are stagnant, you can't look at this and say that's fair. >> i agree. high corporate profits are a problem....
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officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bail up but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are still in danger e.u. and cypriot officials are scrambling. to come up with an alternative an alternative school scheme before banks reopen next tuesday march twenty sixth allen's finance ministry for one as suggested accepting the e.u. bailout on the condition that exempts smaller account holders from the lobby of the european finance ministers like francis pure mosco moscow d.c. have also expressed support for such an exception and at the same time however the cypriot government is also exploring a bailout plan with russia which is not part of the e.u. any agreement with russia would likely include
officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bail up but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are...
SFGTV: San Francisco Government Television
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Mar 25, 2013
03/13
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that's significant reductions in the transient occupancy tax, significant reduction in payroll tax. and those reductions are larger than the one-third reduction to overall expenditures partly derivative in large part by the number of sipped katz. greater numbers of syndicates leads to disproportionate increases in the transient occupancy tax as well as payroll taxes paid. ~ the retail taxes have also declined, but back out a third, same as decline in overall expenditures. we have a net decline of about $10 million projected in city revenues. >> so, just -- mr. eagan talked about a 6.1 increase, million dollar increase in hotel tax revenue. it would require a 7% increase in hotel tax over a three-month period. what is your response to that, which is a significant increase over a three-month period. do we expect during this time that's what we'll have for the america's cup event? >> my expectation for rev par is that it would see a significant bump. having in addition between 5 and 25,000 people in the city on a given day could lead to a vastly significant bump than we saw during the
that's significant reductions in the transient occupancy tax, significant reduction in payroll tax. and those reductions are larger than the one-third reduction to overall expenditures partly derivative in large part by the number of sipped katz. greater numbers of syndicates leads to disproportionate increases in the transient occupancy tax as well as payroll taxes paid. ~ the retail taxes have also declined, but back out a third, same as decline in overall expenditures. we have a net decline...
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Mar 26, 2013
03/13
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FBC
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focus on this rich guys did not dodge the tax. now a government has broken precedence, by going after what is in their bank account, how long do you think it will be before governments start sniffing around your bank account. frankly, i believe it's not long. think this country, when first federal income tax was just to blender efforts of world war i but it stuck around. or europe. expanded. what started out as a 4% tax for millionaires is now north of 20%, and en snaring, well, everyone. that is what concerns me about this cyprus tax. what the poor saps will discover when the banks reopen in cyprus, run. can't take their money and the government is watching and limiting, and i am kind of worrying. what is going on in this island nation, is a tsunami. bank on it. literally. to rich edison, in cyprus to this nervous night before, hey, rich. >> good evening neil, you have to imagine, folks without access to their banks account will have some tomorrow 8:30 in the morning. for more than a week these folks had closed banks today there
focus on this rich guys did not dodge the tax. now a government has broken precedence, by going after what is in their bank account, how long do you think it will be before governments start sniffing around your bank account. frankly, i believe it's not long. think this country, when first federal income tax was just to blender efforts of world war i but it stuck around. or europe. expanded. what started out as a 4% tax for millionaires is now north of 20%, and en snaring, well, everyone. that...
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Mar 22, 2013
03/13
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they take after-tax dollars from you, and then you get a tax-free when you get the benefits. well starting 20 some odd years ago they changed at that. that a lot of people, millions of people pay tax on social security benefits. they broke the original deal. the government changes rules all the time. how about inflation? the federal reserve wants 2 1/2% inflation. that is equivalent of 2.5% tax lowering your income. >> they just raised it a half percent to 2 1/2%. >> so what that means is, your real income goes down. so, especially lower income people get of the shafted because they pay more for food and fuel and electricity. and so their incomes go down. that is supposed to stimulate the economy. the fed can do it without legislation. david: when you think of all the different ways which this administration, obama administration is almost transfixed by the european model, whether it is in health care, obamacare, whether it is in the vast increase in the social welfare state, i'm just wondering if they now are looking to europe as a model for what to do with us? now we haven'
they take after-tax dollars from you, and then you get a tax-free when you get the benefits. well starting 20 some odd years ago they changed at that. that a lot of people, millions of people pay tax on social security benefits. they broke the original deal. the government changes rules all the time. how about inflation? the federal reserve wants 2 1/2% inflation. that is equivalent of 2.5% tax lowering your income. >> they just raised it a half percent to 2 1/2%. >> so what that...
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Mar 23, 2013
03/13
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FBC
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, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mitch saying my goodness @ [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. given way to sleeping. tossing and turning have where sleepless nigh
, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is...
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Mar 20, 2013
03/13
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CURRENT
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we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did companies that make their profit did overseas, did he ever their payments, sometimes never pay them, and >> bill: that just encourages people to move their money or jobs offshore? >> it's an incentive. >> why should we be rewarding them for exporting jobs basically? >> what these corporate interests and wealthy americans do is hide spending in give them a check? we would is a no way. in the tax code, nobody is really examining that. >> bill: exact. >> special tax -- well, mortgage interest deductions for second homes. not just a first home. i will tell you, a big one is the fossil fuel subsidy. i am talking about oil a
we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did...
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Mar 21, 2013
03/13
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there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it a lot of things in the state budget. if he needs the temporary cover, give it to him, but now to extend it, that reminds me that federal income tax was supposed to be a temporary tax to pay for world world war i, limited to pay for world war i. neil: you're right. stayed on, didn't it? >
there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound...
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Mar 18, 2013
03/13
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MSNBCW
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i mean, why would any republican ever seek re-election saying, yes, i did cut taxes, i raised taxes on people that are out in this audience and also screwed you on medicare? why would anybody want to do that? >> ana navarro, this is part and parcel of where the republican is going. near as i can tell, it's been hanging out in maryland at the cpac conference. your trinkets, stand with rand posters. >> i'm still twiping, so you know, three days after at cpac. but rand paul had an entire campaign going on. it did not happen by accident. >> here's what i want to do. two sound bites from this week, two different visions of the road ahead. let's play that and get some reaction. >> we don't need a new idea. there is an idea. it's called america. and it still works. >> the gop of old has grown stale and moss covered. i don't think we need to name any names, do we? >> one of the things he means i think, senator mccain, or picked a fight with hawks in the republican party. who's the face right now? what does it mean to be a conservative in the party right now? >> i don't think we know. i think t
i mean, why would any republican ever seek re-election saying, yes, i did cut taxes, i raised taxes on people that are out in this audience and also screwed you on medicare? why would anybody want to do that? >> ana navarro, this is part and parcel of where the republican is going. near as i can tell, it's been hanging out in maryland at the cpac conference. your trinkets, stand with rand posters. >> i'm still twiping, so you know, three days after at cpac. but rand paul had an...
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Mar 24, 2013
03/13
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FOXNEWSW
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property taxes are down. it's time for new solutions. >> shannon: other districts have allowed company representatives to spend time in the classroom, further pushing the domain at the kids. an increasing number of parents are concerned that it's a cynical ploy by corporations. >> the companies are noting did this out of the goodness of their heart. they are doing because they want to get the lifetime brand loyalty. school districts really need tong about this. this is not a donation. this is -- this is corporations looking to target children. >> shannon: and advertising to children is more than turning thome future consumers tleads to childhood obesity and violence. >> jamie: we report, you decide. we'll be right back. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it.
property taxes are down. it's time for new solutions. >> shannon: other districts have allowed company representatives to spend time in the classroom, further pushing the domain at the kids. an increasing number of parents are concerned that it's a cynical ploy by corporations. >> the companies are noting did this out of the goodness of their heart. they are doing because they want to get the lifetime brand loyalty. school districts really need tong about this. this is not a...
SFGTV: San Francisco Government Television
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Mar 19, 2013
03/13
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SFGTV
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just as far as the tax credit, in our survey, 74% of the businesss did not know that the tax credit was there. there really is an education that needs to go on. a lot of people will argue that 50,000 average per employee is so low that a lot of businesses aren't going to qualify. i might also point out that currently for the current year as tangerine said in 2013 it will be 50%, but currently the credit that is available and has been available for a few years is 35%. so that is the current credit. and i think one of the things that you have until -- anybody knows if it's march 15 to file for that? >> yes. >> march 15th, you need to file for it for the year. the other thing is, as was mentioned, how is an individual going to comply? and it's going to be through the taxes that they pay. but i thought you might find it interesting to find out -- now this is for businesss with 50 or more employees. what does the need to do? what the business need to do is provide the name, address, tax information and whether it offers full-time or part-time employees. the monthly premium of the lowest cost
just as far as the tax credit, in our survey, 74% of the businesss did not know that the tax credit was there. there really is an education that needs to go on. a lot of people will argue that 50,000 average per employee is so low that a lot of businesses aren't going to qualify. i might also point out that currently for the current year as tangerine said in 2013 it will be 50%, but currently the credit that is available and has been available for a few years is 35%. so that is the current...
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Mar 23, 2013
03/13
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FBC
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, you are paying thi tax. this is just another thing for the little guy who's trying to get by. >> would make a fference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mtch saying my goodness alec, for this mission i uraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you giv
, you are paying thi tax. this is just another thing for the little guy who's trying to get by. >> would make a fference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is...
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Mar 19, 2013
03/13
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COM
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and california's raised his taxes 3%. so mickelback is considering moving out of california or even retiring altogether. i warned you that these tax hikes would cause our best and brightest to take their talents elsewhere. do you know what happens if phil mickelson isn't here to win those millions of dollars? someone else will! [laughter] is that suddenly okay?! [cheers and applause] luckily for guys like phil and me, there may soon be a new community where high earners are safe. and it's in the last place you'd think: detroit. sure, we all know the motor city has seen better days. like say, during the ice age. [laughter] but it's not all bad. take belle isle, a thousand-acre island and public park that many consider the jewel of detroit. it's no surprise, "belle" means "beautiful," and "isle" means "not connected to detroit." [laughter] [laughter] and now -- [laughter] [cheers and applause] and now, it's about to get better, thanks to libertarian real estate developer and doubly-named porn star rod lockwood who plans to
and california's raised his taxes 3%. so mickelback is considering moving out of california or even retiring altogether. i warned you that these tax hikes would cause our best and brightest to take their talents elsewhere. do you know what happens if phil mickelson isn't here to win those millions of dollars? someone else will! [laughter] is that suddenly okay?! [cheers and applause] luckily for guys like phil and me, there may soon be a new community where high earners are safe. and it's in...
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Mar 22, 2013
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>> not tax reform. >> not tax increase. >> tax reform. the big problem for republicans heading into this debt limit fight are the house conservatives. they feel like they've given a rot on the fiscal cliff. are they really going to battle boehner. >> i want to fit this in. because joe biden, i thought was el kwents and interesting. this was with mayor bloomberg. let's play that clip. >> for all those who say that we shouldn't and can't ban assault weapons. for all those who say the politics is too hard, how can they say that? for all those who say we shouldn't or couldn't ban high capacity magazines, i just ask them one question. think about newtown. think about newtown. >> that's a stirring sort of message there from joe biden. the question i have, it doesn't seem like it's going to work and not just because of republican opposition, it's because there are democrats who are up in 2014 in tough states that don't want to vote on the assault weapons ban. >> it was so interesting to hear him go there about the assault weapons ban because tha
>> not tax reform. >> not tax increase. >> tax reform. the big problem for republicans heading into this debt limit fight are the house conservatives. they feel like they've given a rot on the fiscal cliff. are they really going to battle boehner. >> i want to fit this in. because joe biden, i thought was el kwents and interesting. this was with mayor bloomberg. let's play that clip. >> for all those who say that we shouldn't and can't ban assault weapons. for all...
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Mar 21, 2013
03/13
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raise taxes. next year they want to raise the taxes by 40 billion dollars, again, the republican budget doesn't raise taxes and then on the deficit this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats want to continue to blow up the budget and eventually, over the decade add 1 trillion dollars of new taxes. >> sean: yeah, so 1 trillion in new taxes over ten years, a trillion dollars, this is like they know no other way, all right? that's point one, but yet, they still will give us almost trillion dollar deficits as far as the eye can see throughout the entire ten
raise taxes. next year they want to raise the taxes by 40 billion dollars, again, the republican budget doesn't raise taxes and then on the deficit this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the...
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Mar 22, 2013
03/13
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want it all of the taxes, they just audit some of the taxes. that enables the system to function. considering that 98% of the client approved in the end, we should be simply taking all the new claims, approving them to a minimum level, auditing a small subset, and giving them a final resolution within five years. the medical system, of bluecross blueshield, processes 30 million medical claims a year. they'd do 9% them within 30 days, and we should be able to do the same thing. 99% of them within 30 days. those are some of my suggestions. the gentleman in the yellow tie. >> i am a vietnam veteran who is getting care at the local va. one of the biggest hazard sometimes it is the claims person who determines what kind of claim you get. orangeerefore agent related. i had a stroke, and they did not decrease my allotment, but getting back to what you have now, it is like you have in the regular committee. they did not increase my allotment. it is like you have in the regular community. the vietnam veteran, and now the iraq-afghanistan veterans. the v
want it all of the taxes, they just audit some of the taxes. that enables the system to function. considering that 98% of the client approved in the end, we should be simply taking all the new claims, approving them to a minimum level, auditing a small subset, and giving them a final resolution within five years. the medical system, of bluecross blueshield, processes 30 million medical claims a year. they'd do 9% them within 30 days, and we should be able to do the same thing. 99% of them...
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Mar 22, 2013
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. >> other taxes are in place, including a $100 billion tax on insurance premiums. that will cause the average person $100 a year. part of the financing for what the president sees as his signature policy achievement. >> after a historic vote, healthcare reform is not an unmet promise. law of the land. >> some of those who know the business next are skeptical. >> a great misconception about the obamacare is just because you have health insurance you will get adequate healthcare. nothing could be further from the truth. >> obamacare will pay less to providers and increase number of insured by 30 million. >> patients don't get the services rendered because the tok torsent to provide them at the below market cost. >> obamacare expand the demand for care. it doesn't do anything about supply. >> they agree on one thing, the success is whether the young and healthy people sign up for insurance in large numbers. >> the government has to enroll people to make sure they have coverage. >> older people with higher healthcare cost are paying 5 to 7 times what a 20-year-old is p
. >> other taxes are in place, including a $100 billion tax on insurance premiums. that will cause the average person $100 a year. part of the financing for what the president sees as his signature policy achievement. >> after a historic vote, healthcare reform is not an unmet promise. law of the land. >> some of those who know the business next are skeptical. >> a great misconception about the obamacare is just because you have health insurance you will get adequate...
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been taxes tax on and fourteen percent thirty five percent already been taxed if you want and you can use his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we've got no way to listen to the central issue either you are you trying to tell me that i have a bit of the central issue of which is that if we did have pain somebody that if i've paid taxes on that money they shouldn't have to pay taxes that really we're trying to tell me no not and not at all then why are you making the argument that iran a should only pay fourteen percent income tax because somebody else paid taxes on that money because his income has already been taxed there's no need to tell him i is homes are already being taxed and i believe this isn't rational and shanny bars and i say you can tax that if you want to look at the central issue of minimum wage and we w
been taxes tax on and fourteen percent thirty five percent already been taxed if you want and you can use his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we've got no way to listen to the central issue either you are you trying to tell me...
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Mar 24, 2013
03/13
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what about taxes around the world. do people move from high tax to low-tax areas? the data is more difficult to gleam there. i couldn't help but wonder as i watched him show off his new passport in the russian republic, he would need to spend six months of the year in russia to qualify for its 13% tax rate. to do that, he would have to deal with russia's frigid winters and deal with a culture that is not always friendly to foreigners trade french food for russian food and, most importantly, he'd have to give up what is surely one of life's greatest treasures, living in paris. i don't think i'd make the trade. >>> we'll be right back. up next is america being left behind by the rest of the world in the space race? neil neil degrasse tyson explains. come on, nowadays lots of people go by themselves. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] ge
what about taxes around the world. do people move from high tax to low-tax areas? the data is more difficult to gleam there. i couldn't help but wonder as i watched him show off his new passport in the russian republic, he would need to spend six months of the year in russia to qualify for its 13% tax rate. to do that, he would have to deal with russia's frigid winters and deal with a culture that is not always friendly to foreigners trade french food for russian food and, most importantly,...
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Mar 25, 2013
03/13
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stuart: the exchanges will be in place and taxes in place. >> no, the taxes can be repealed. the insurance companies still exist. the physicians still exist. the hospitals still exist and the exchanges, they aren't really going to be ready. stuart: and any attempt to unravel what is already in place would be a huge mess. >> not at all. in fact, it's highly feasible and it will save our health care system. the republicans have a shot at gaining at least six seats, that's all they need to win control and there are going to be 33 senate seats in play, and the republican seats are safe. of the democratic currently democratically held seats, 13 of them are in swing states or red states, republican states. stuart: so your hope is a political revolt. >> there will be a political revolt. charles: and we had this discussion a few times last week and stuart's point to me is once you give somebody something free you can't take it back. by the time the mid terms roll around will it be too late to get the notion out of their heads that the majority of voters we're going to take something
stuart: the exchanges will be in place and taxes in place. >> no, the taxes can be repealed. the insurance companies still exist. the physicians still exist. the hospitals still exist and the exchanges, they aren't really going to be ready. stuart: and any attempt to unravel what is already in place would be a huge mess. >> not at all. in fact, it's highly feasible and it will save our health care system. the republicans have a shot at gaining at least six seats, that's all they...
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Mar 18, 2013
03/13
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if you have over 100,000 euros, a 9.9% tax. it's the first time and it's different we've seen depositors directly being penalized for keeping money in the banks and having to take part in any rescue measures. this is being pushed by the jeff mans and brussels as well but a lot of cypriot companies and investors are up in arms about this one. it's a very big change from previous bailouts across europe. >> certainly makes people want to stuff money in their mattress. russia has a lot of people with their money wrapped up in these cyprus banks. what's the reaction from leaders there? >> this is where it gets really interesting. vladimir putin the president has said it's unfair, it's unprofessional, and it's dangerous precedent. why are the russians so upset? i'll leave the viewers to think about this. russian corporates and russian funds have over 30 billion euros wrapped up in cyprus funds as well. the burgeoning cyprus financial sector has been driven by russian money which one way or the other has found its way from russia into
if you have over 100,000 euros, a 9.9% tax. it's the first time and it's different we've seen depositors directly being penalized for keeping money in the banks and having to take part in any rescue measures. this is being pushed by the jeff mans and brussels as well but a lot of cypriot companies and investors are up in arms about this one. it's a very big change from previous bailouts across europe. >> certainly makes people want to stuff money in their mattress. russia has a lot of...
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back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe i believe. is not still going to do so everybody says we're going to start going over there we're going to. look for this stuff. and this should be a sure thing and they didn't see the usual news you know just for economy grease on women resume bizarre view of the drug money wants to send the russians out of sight for this. well the mood here in nicosia cyprus remains rather negative it seems that the people feel that there was one bad news after another the latest being that the european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so if there is an e.u. i.m.f. program in place. this means that there really is a cash problem on the ground cypriots going out to early in the morn
back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe i believe. is not still going to do so everybody says we're going to start going over there we're going to. look for this stuff. and this should be a sure thing and they didn't...
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Mar 26, 2013
03/13
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david: there are taxes and sort of taxes. a regulation is sort of a tax. you have to spend money. fda will start regulating medical apps. >> which is cost and expense. david: it is a definite cost and expense. is there any way that can be modified by public pressure. >> it is the easiest approval plat form now. so it's not multiyears like a coronary extent or something like that. it is still 60, 70 days, several thousand dollars which is a lot for some developer in san francisco. i don't think they can get much easier. david: we have to leave it at that but i have to ask finally, is it possible pressure, public pressure people calling their congressman could hold off the point at which these apps might be taxed to the point where they could do harm to the entire industry? >> i believe so. that's why congress did what they did last week. yeah, it is still very much undetermined, yet to be determined. david: dr. stephen greer, great to see you. thanks very much for coming. liz? liz: david, despite sales not reaching targets last year and demand in the industry lacking nissan is stil
david: there are taxes and sort of taxes. a regulation is sort of a tax. you have to spend money. fda will start regulating medical apps. >> which is cost and expense. david: it is a definite cost and expense. is there any way that can be modified by public pressure. >> it is the easiest approval plat form now. so it's not multiyears like a coronary extent or something like that. it is still 60, 70 days, several thousand dollars which is a lot for some developer in san francisco. i...
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Mar 19, 2013
03/13
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there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happenith standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's go to xena for a second, a lot of people out there think thi
there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have...
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Mar 19, 2013
03/13
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tax code. but there are other things which cannot even be explained. why in the world would we put in our tax code a provision which says if an american business wants to move jobs overseas, we will give them a tax break to do it? i don't think so. that should be a decision, if they make it, with no encouragement from our tax code. rather, let's encourage businesses to stay in the united states. similarly, senator carl levin of michigan has really made a concerted effort to investigate and expose the offshore tax havens that cost us over $300 billion a year in taxes owed to the united states, people that park their money in far-away places with strange-sounding names end up escaping tax liability. why do we let that happen? the average family across america, the average business across america can't escape and doesn't even try to escape its liability. yet, we built into the tax codes these cayman island little fiascoes in bermuda and all the places they head to. we could put an end to that in a
tax code. but there are other things which cannot even be explained. why in the world would we put in our tax code a provision which says if an american business wants to move jobs overseas, we will give them a tax break to do it? i don't think so. that should be a decision, if they make it, with no encouragement from our tax code. rather, let's encourage businesses to stay in the united states. similarly, senator carl levin of michigan has really made a concerted effort to investigate and...
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Mar 26, 2013
03/13
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. >>> and you can down load all the latest state and federal tax forms on cbssf.com/tax. >>> a bay area woman has been reunited with her service dog after somebody stole little archie from bart. karen and her dog were riding bart from san francisco to san bruno. she fell asleep and when she woke up, her dog was gone. they identified archie and by 2:00 p.m., the pup was back in his owner's arms. >>> the ultimate happiness, relief, i could breathe. i was crying. i just completely overwelmed and excited and truly grateful. i'm happy that they returned him safely. >> no arrests have been made. archie is trained to help her cope with anxiety. >>> says her car was out of control and there was nothing she could do to stop it. ron jones has the woman's desperate calls for help. >> it's the sounds of panic in any language. it's the desperate cries for help. when she calls her family to say she can't stop the car. >> the chp tells cbs 13 the victim came off the roadway, don't ravine, through the trees and into the river. >> my car is in the river. >> after plunging into the cold fast moving sacra
. >>> and you can down load all the latest state and federal tax forms on cbssf.com/tax. >>> a bay area woman has been reunited with her service dog after somebody stole little archie from bart. karen and her dog were riding bart from san francisco to san bruno. she fell asleep and when she woke up, her dog was gone. they identified archie and by 2:00 p.m., the pup was back in his owner's arms. >>> the ultimate happiness, relief, i could breathe. i was crying. i just...
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it is a not so much a stealth tax as a sort of a swipe tax is that a very quickly and in some ways you could say that this is actually. on one level a prototype for how the country will timidly have to leave the euro zone entirely have to be done very quickly almost overnight with a certain sort of grab at the doors of the banks trying to make sure that the bank machines are basically switched off and then seeing the public in disarray that the following day and a huge crisis in parliament so whatever happens in terms of the the taxing and back accounts i think we're going to see this model of of how. democracies and how the the economy has to deal with a certain us are in crisis repeated in one scale in one form or another and quite possibly on a larger scale but let's hope not well leave the sun isn't shining in london by the looks of things and it's certainly not shining in cyprus although it should be thank you very much indeed les thanks for joining us live there that's leigh rather i'm in london. well the aftershocks of the proposition have been felt with other countries of cours
it is a not so much a stealth tax as a sort of a swipe tax is that a very quickly and in some ways you could say that this is actually. on one level a prototype for how the country will timidly have to leave the euro zone entirely have to be done very quickly almost overnight with a certain sort of grab at the doors of the banks trying to make sure that the bank machines are basically switched off and then seeing the public in disarray that the following day and a huge crisis in parliament so...
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Mar 19, 2013
03/13
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CNBC
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as part of that, you have to have tax reform and significant tax reform. and actually, simpson/bowles, a commission i served on, laid out a way to do it, got the tax rates down on the personal side to 9, 15 and 23% and the corporate to 26%. and you need to bring the corporate rate down to 24, 25, 26% and need to go to a territorial system. but you can't do that independent of the individual system, because if you have a huge gap between the top individual rate, say today it's at 42.5%, and if you took the corporate 25%, everybody started -- >> because then you have small business. small business got screwed at the expense of big businesses in the last tax bill. so you're right. so i -- look, i say, you're going to have big problems if you try to have a big personal and corporate together. i don't think it's possible. i don't know why you just can't do this. reform the corporate tax code. you can put limits on the deductions or -- i don't care. the president wants to do it. the republicans want to do it. just do it. but one exception. let small businessmen
as part of that, you have to have tax reform and significant tax reform. and actually, simpson/bowles, a commission i served on, laid out a way to do it, got the tax rates down on the personal side to 9, 15 and 23% and the corporate to 26%. and you need to bring the corporate rate down to 24, 25, 26% and need to go to a territorial system. but you can't do that independent of the individual system, because if you have a huge gap between the top individual rate, say today it's at 42.5%, and if...
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Mar 18, 2013
03/13
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FBC
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. theengineered with aeel-drive unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible. ♪ liz: time for a quick speed read if some of the day's other headlines. five stories, one minute. president obama nominating thomas preston and the secretary of labor. currently in the civil rights division of the justice department. airbus and indonesia lie in their filing a $24 billion contract. the aircraft maker's biggest deal ever. the remains for 234 planes. the first deliveries scheduled for next year. panasonic reportedly exiting plasma tv production in health care businesses to become more cost-efficient. the
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. theengineered with aeel-drive unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible....
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Mar 26, 2013
03/13
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CNBC
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if you have the right tax policy, liberalize corporate taxes, liberalized regulatory policy. if you let business in this country and small business grow. if you have a dream, a vision, an idea of empowerment and ownership and opportunity for everybody, that's the way to do this. that's the growth message. now, your man has the message. he just doesn't have the policy. that's the problem on the democratic side. >> well, i mean, here's -- i think there's -- with respect to the republicans, i know they like to make the argument that we're right about the policies. and somehow we lost an election. they lost the election because the american people did not buy their message or the policies. >> i agree with that. it was a very negative, very pessimistic message. and the issue of, look, reaching out to immigrants, reaching out to hispanics, let's use that. the difference between what jack kemp does -- did and the difference between what the republicans do today, kemp didn't reach out for the sake of winning a vote. he said to them, i'm going to create enterprise zones that are tax-f
if you have the right tax policy, liberalize corporate taxes, liberalized regulatory policy. if you let business in this country and small business grow. if you have a dream, a vision, an idea of empowerment and ownership and opportunity for everybody, that's the way to do this. that's the growth message. now, your man has the message. he just doesn't have the policy. that's the problem on the democratic side. >> well, i mean, here's -- i think there's -- with respect to the republicans,...
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from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights officials sound the alarm over the treatment of prisoners at guantanamo bay is u.s. military officials trying to downplay a mass hunger strike at the detention center. good evening you've just joined us kevin live at the hour to new center tonight our top story the scenes of relief and indeed celebration greeted the cypriot parliament's rejection of attacks on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings are being condemned by officials in the public alike but the country now finds itself of course on the br
from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights...
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Mar 19, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. are proven to be effective pain relievers. tylenol works by blocking pain signals to your brain. bayer advanced aspirin blocks pain at the site. try the power of bayer advanced aspirin. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. omnipotent of opportunity. you know how to mix
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. are proven to be effective pain relievers. tylenol works by blocking pain signals to your brain. bayer advanced aspirin blocks pain at the site. try the power of...
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Mar 19, 2013
03/13
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FBC
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they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter from the state, due to a court ruling a 50% tax break for small business and startup investors was no longer available. anyone who claimed it in the last five years had to pay up. >> retroactivity is issue of fairness and credibility for california. >> even california's tax leaders say what the state is it doing is unfair, overreacting and overreaching, hoping to claw back some $120 million for cash-strapped california. >> problem right now we have what is the revenue is identified those folks up in sacramento will figure out how to spend it already. >> pro-business lawmakers are trying to rescind the letter, fearing high-tec
they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter...
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Mar 20, 2013
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around 15,000 and those below 100,000 would go tax free. on top of that, bond holders would have to be bailed in and there's talks that cyprus could sell state assets in banks and gas reserves most likely to russian investors but at this point all of the hopes are being pinned on what's coming out of russia and if all of this fails here's an interesting twist to the story. the archbishop has said that we're happy to give the state all of our resources which would be at least 3 billion euros to help the economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initial
around 15,000 and those below 100,000 would go tax free. on top of that, bond holders would have to be bailed in and there's talks that cyprus could sell state assets in banks and gas reserves most likely to russian investors but at this point all of the hopes are being pinned on what's coming out of russia and if all of this fails here's an interesting twist to the story. the archbishop has said that we're happy to give the state all of our resources which would be at least 3 billion euros to...
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Mar 22, 2013
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they are raising tax rates and shrinking tax bases. if the government is picking winners and losers, jimmy fallon in hollywood are winners in this case. >> okay. josh, thank you for coming on the show. >> thank you. melissa: next, chicago will shut down dozens of schools to pose a 1 million-dollar deficit. we will explain coming up next. and this season ticket holder on the other side of the legal brawl is here. piles of money coming up all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leadin companies to plas beyond it. siemens. answers. you know it can be hard to lbreathe, and how thafeels. me, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd main
they are raising tax rates and shrinking tax bases. if the government is picking winners and losers, jimmy fallon in hollywood are winners in this case. >> okay. josh, thank you for coming on the show. >> thank you. melissa: next, chicago will shut down dozens of schools to pose a 1 million-dollar deficit. we will explain coming up next. and this season ticket holder on the other side of the legal brawl is here. piles of money coming up all stations come over to mission a for a...
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Mar 21, 2013
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we will close many corporate tax loopholes, like the tax deferral. you can move jobs overseas and never pay any taxes. , bribed us took bring the jobs home. we say no. if you are an american corporation and you earn money overseas or you earn money here but use tricks, it does not matter. we will tax it all. if you're paying taxes to a foreign government, you get a credit for that so no double taxation. but you should not get a in a fit of no taxes because you are shipping jobs abroad. we eliminate some of the depletion balances. there's no reason we should be giving tax subsidies to these companies. we eliminate benefits for , reduce corporate meals and entertainment. is one thing. the second thing we do is we say, all right, people making over $400,000 now will be haying a tax of three point 96% on their highest income. % on their highest income. institute new tax brackets for millionaires and billionaires. $1 on every one dollar above million. 40 six percent on every one dollar above 20 million dollars. we finally go to a total of 49% for every on
we will close many corporate tax loopholes, like the tax deferral. you can move jobs overseas and never pay any taxes. , bribed us took bring the jobs home. we say no. if you are an american corporation and you earn money overseas or you earn money here but use tricks, it does not matter. we will tax it all. if you're paying taxes to a foreign government, you get a credit for that so no double taxation. but you should not get a in a fit of no taxes because you are shipping jobs abroad. we...
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Mar 21, 2013
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if you're going to tax me 10% i'll take my money out. trust me. >> greta: most think that will never happen here, we don't need to feel like that, but you know, in these very sort of perilous financial times, anything is possible, i suppose. >> in this day and age, you know it is. and when people get their backs against the wall, i ran against the bailouts and now they didn't work the first time and now they need them in europe and you know, saying, we're going to take people's money and go in and tax 10 to 15% of your hard earned money and that's why we brought the resolution to the floor and i asked 30 people yesterday to co-sign it. first 23 signed and seven said send me the information. >> who are the three that need more information. do you out them? >> no, i think the-- i probably would have been one, normally if somebody asks me to sign something on the floor, send it to my staff and let me read it. >> is it bipartisan, any democrats. >> not yet, but i've talked to a few democrats, but i walked down the republican side of the peop
if you're going to tax me 10% i'll take my money out. trust me. >> greta: most think that will never happen here, we don't need to feel like that, but you know, in these very sort of perilous financial times, anything is possible, i suppose. >> in this day and age, you know it is. and when people get their backs against the wall, i ran against the bailouts and now they didn't work the first time and now they need them in europe and you know, saying, we're going to take people's...
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Mar 25, 2013
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watch how the irs prepares for tax season. a "star trek" themed parody video starring irs employees was apparently filmed to help train workers at a leadership conference back in 2010 paid for with your tax dollars. >> back in russia i dreamed someday i'd be rich and famous. >> me too. that's why i became a public servant. >> what is it? >> i just received an emergency medical distress call. they're dying down there. some new fangled disease. >> they call it the tax gap. >> tell scotty in engineering to get us back to earth. get ready to beam down. >> shall i wear a ski cap to cover my ear, captain? >> no, your ears are fine but you got to loosen up. that's an order. ♪ >> i mean it's so bad it's not even funny. that's the thing. according to cbs, the irs says the video in a separate skit based on "gilligan's island" cost $60,000 to produce saying it was a bargain saying individual training would have cost millions. it did not respect the best stewardship of our resources. >>> what else is there left to achieve after starring
watch how the irs prepares for tax season. a "star trek" themed parody video starring irs employees was apparently filmed to help train workers at a leadership conference back in 2010 paid for with your tax dollars. >> back in russia i dreamed someday i'd be rich and famous. >> me too. that's why i became a public servant. >> what is it? >> i just received an emergency medical distress call. they're dying down there. some new fangled disease. >> they call...
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Mar 21, 2013
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and "tax pain." congressman john garamendi and how to keep people from fleeing high taxes in his state, the golden state. part four of our series is ahead. >> 25 minutes past the hour. this is your fox news minute. the house passed a senate approved stopgap spending bill to continue to fund the government for six more months. measure passed on a bipartisan 318-119 votes. stopping the shutdown until at least september 30. the bill will go to the president to be signed into law. president obama urging palestinians and israelis resume their peace negotiations while meeting with palestinian president, president obama refused to endorse because t thy and call for settlement freeze. houston is one to stop israeli housing on the stake as a condition for restarting the peace talks. in warning islamic republic will destroy the cities of tel aviv if they are attacked. israel threatened action against iran if it continues its nuclear development activities. they said iran has a national right to enrich uranium.
and "tax pain." congressman john garamendi and how to keep people from fleeing high taxes in his state, the golden state. part four of our series is ahead. >> 25 minutes past the hour. this is your fox news minute. the house passed a senate approved stopgap spending bill to continue to fund the government for six more months. measure passed on a bipartisan 318-119 votes. stopping the shutdown until at least september 30. the bill will go to the president to be signed into law....
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Mar 26, 2013
03/13
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at what won't do we tax too much. at what point is it counter productive, many of these indivials have the means to move. >> trouble with that, is it has been hard to find a country you could escape this, trend is up across the board. even in switzerland, which was a a half ep frohaven, the are goik bonus, and ceo pay, something n the global water that is very distivitdistasteful. >> as gretchen said they become more concerned and more fiscally conservative, the more money they make, and more they want to keep, that is why the lottery winners, it is a shock to the system, they really don't know what to do. they really need a financial planner, and maybe take a trip to kaman islands get some sun, and financial advice while y are there it is a shock to the m, they need to be smart about this and figure out best plan of action. neil: all right, or just return the money, and say i can't deal. >> no, no, they can send it to me. neil let's not get crazy. this just in, illegals will not have to wait until washingtonning at t
at what won't do we tax too much. at what point is it counter productive, many of these indivials have the means to move. >> trouble with that, is it has been hard to find a country you could escape this, trend is up across the board. even in switzerland, which was a a half ep frohaven, the are goik bonus, and ceo pay, something n the global water that is very distivitdistasteful. >> as gretchen said they become more concerned and more fiscally conservative, the more money they...
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Mar 22, 2013
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for instance, taxes, speaker boehner says no more tax increase after the 600 billion tax increase the president at the end of the year got. he said absolutely no. are the republicans going to have to give on the taxes? >> well, i think it depends on what happens. i personally don't believe that we are undertaxed. i mean, you look at this economy right now, between regulation and taxes, this economy is a mess. and you compare this economy to exactly the same cycle of reagan's presidency getting 5, 6, 7, 8% growth a quarter. i mean-- >> so are you saying that the republicans, that should be a line in the sand for republicans, no tax increase. >> i think they should be more aggressively future oriented. what do we need to do to fix the regulations and the health system. obamacare, government-run bureaucratic health is going to collapse. every time you turn around, someone in this country, amazing, one program in the department of health and human services they think that 65% of the money loaning will be gone, never repaid. this is like solyndra on steroids except in the health field. eve
for instance, taxes, speaker boehner says no more tax increase after the 600 billion tax increase the president at the end of the year got. he said absolutely no. are the republicans going to have to give on the taxes? >> well, i think it depends on what happens. i personally don't believe that we are undertaxed. i mean, you look at this economy right now, between regulation and taxes, this economy is a mess. and you compare this economy to exactly the same cycle of reagan's presidency...
SFGTV2: San Francisco Government Television
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Mar 19, 2013
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we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no application fee. if you are interested in an application or information, i have brochures, or you can give us a call. >> thank you. next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am loo
we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no...
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Mar 22, 2013
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and people are tired of paying more taxes, we shouldn't be paying more taxes to fuel spending this washington. we should be cutting spending, for every $2 we bring in we spend 3, you can't keep doing that. >> greta: is there a role for the president in this process? >> normally you would think that the commander-in-chief would lead by examine and put a plan on the table and say this is how i would fix america's fiscal problems. and hasn't done that. and the budget was due the first monday in february and has yet to deliver it. cynical observation is he's playing politics. he'll wait for the republicans and do something later. whatever the motivations for delaying his budget are, i hope he begins to engage. i think the charm offensive is helpful. the question is, is it real and will it last? if it is real and if it does last then i think we've got a chance of getting a down payment on the problem fixed. >> greta: let me ask you the final dopey media question i always ask. what are your plans for 2016. >> my plans are to work on this problem here. >> greta: i know, but have you thought at all a
and people are tired of paying more taxes, we shouldn't be paying more taxes to fuel spending this washington. we should be cutting spending, for every $2 we bring in we spend 3, you can't keep doing that. >> greta: is there a role for the president in this process? >> normally you would think that the commander-in-chief would lead by examine and put a plan on the table and say this is how i would fix america's fiscal problems. and hasn't done that. and the budget was due the first...
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Mar 25, 2013
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they're paying payroll taxes already? >> of course they should pay their fair share of taxes. are they benefitting from things going on in our society? i think we do them a tremendous disservice when we say, there, there, little thing. we're going to take care of you. you can't do anything. >> it was ronald reagan and jack kemp who supported the idea of the earned income tax credit so people who were poor wouldn't have to pay their money to the tax man so they could use their wealth and use their resources to build their income and become part of the middle class. are you saying you don't support that concept? >> i think you make the system much more complex when you start exempting this group and that group. the fact of the matter is, if we have a fair taxation system, the economy is going to explode. you're going to have plenty of money. if you want to do something for those people in terms of money that you want to give to them or some program you want to make available to them, i'm all for that. but once we start tinkering with the system and saying, let's change it here a
they're paying payroll taxes already? >> of course they should pay their fair share of taxes. are they benefitting from things going on in our society? i think we do them a tremendous disservice when we say, there, there, little thing. we're going to take care of you. you can't do anything. >> it was ronald reagan and jack kemp who supported the idea of the earned income tax credit so people who were poor wouldn't have to pay their money to the tax man so they could use their wealth...
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Mar 19, 2013
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the only tax that increase was a temporary tax that was relief given to reduce the payroll tax to try to give a shot in the arm to the economy. that was always designed to be a temporary tax. as a practical matter, the president has, in fact, kept his pledge. it is ironic. polls show the american people thought that with the american recovery act that their taxes increase when, in fact, 94% of the people saw a reduction. what the president promised, he did, but a lot of people did not understand it and thought their taxes increased. people that look at the facts understand that they have received tax reductions. i personally think we have gone a little overboard. we will have to rebalance the scales, but the president kept his promises on taxation, notwithstanding what you're caller said. you're caller is wrong. beach on twitter says the private sector will always be a better fiscal that the anything run by the government -- fact, says this person. we are talking about the budget with earl blumenauer as the house begins work on the budget put out by paul ryan last week. "the hill" rep
the only tax that increase was a temporary tax that was relief given to reduce the payroll tax to try to give a shot in the arm to the economy. that was always designed to be a temporary tax. as a practical matter, the president has, in fact, kept his pledge. it is ironic. polls show the american people thought that with the american recovery act that their taxes increase when, in fact, 94% of the people saw a reduction. what the president promised, he did, but a lot of people did not...
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Mar 18, 2013
03/13
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-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, there is no denying that device is generating an enormous amount of what government seems to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other lears. the billionaire mayor wants to ban guns. styrofoam cups, smoking. but he won't ban pot holes and poverty. why not? damaging testimony today in the case of two ohio hig
-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly...
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you're going to tax foreigners instead of taxing your own people. that's one of the rationales for doing this. >> you don't go into that cycle of more austerity and the worst economy, more austerity and worse economy. >> right. >> you can see why they've done it. >> you can. i think the real is why would you go below the insurance threshold? it's such a killer of confidence. why would you risk that and i am told by numerous sources and it's because the president of cyprus didn't want to go above 9.9% originally the same way the dollar store doesn't want to price over 99 cents and he didn't want to tell the foreign depositors that he would take 16% of their money. >> in essence they're taxing the poor in order to keep the offshore on moo. >> to keep their business intact. >> great reporting. we'll come back to you in the show. >> let us bring in charlie and director of research with ariel investments as well as gary thayer, chief macro strategist with wells fargo advisers. gary, first to you. does this change your overall view on the u.s. stock marke
you're going to tax foreigners instead of taxing your own people. that's one of the rationales for doing this. >> you don't go into that cycle of more austerity and the worst economy, more austerity and worse economy. >> right. >> you can see why they've done it. >> you can. i think the real is why would you go below the insurance threshold? it's such a killer of confidence. why would you risk that and i am told by numerous sources and it's because the president of...
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, local taxes, or federal taxes. california says they miss about $6.5 billion a year in tax revenue because of the underground economy. you multiply that out, that's a lot of money. adds up to more than they sequester. >> shepard: a large part of that is the failed drug war. but the drug war -- the reason it existed now, frankly, is that there's such an enormous economy around the failed drug war, that all the people who work in this failed industry, if you closed the failed drug war industry, you'd have hundreds of thousands of people without jobs. reporter: i suppose. or do the opposite which is make marijuana legal and maybe try to tax it. >> shepard: and regulate it. reporter: i think that illegal activity is a constant and what is new is work that is actually legal, it's just not -- off the books and the income is not being reported. >> shepard: changing world. >> it is. >> shepard: this dire situation in syria got more complicated, at least for today. coming up more on the reported use of chemical weapons. now,
, local taxes, or federal taxes. california says they miss about $6.5 billion a year in tax revenue because of the underground economy. you multiply that out, that's a lot of money. adds up to more than they sequester. >> shepard: a large part of that is the failed drug war. but the drug war -- the reason it existed now, frankly, is that there's such an enormous economy around the failed drug war, that all the people who work in this failed industry, if you closed the failed drug war...
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and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to say how in the big names here involved allegedly porsche volkswagen as well as germany's richest woman or phantom shell companies in panama i mean nothing wrong with it depends how you interpret it i guess whether it becomes tax avoidance tax evasion but what can you do to stop these loopholes. it is very clear there is no into a master of very little or too little international cooperation on this and of course you know if you have families who would not notice that they lost their one five fifteen million new euros necessary for one of the big german parties for the whole federal election cam
and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to...
SFGTV2: San Francisco Government Television
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Mar 19, 2013
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you will get a tax credit. if you need to make changes in the structure of your premises, there are also tax credits for that. most of these cases start with a letter. a demand letter. that is usually signed not by a lawyer, but by it up plaintive. the plaintiff may not be a professional plaintiff. that does not make any difference. the defense has been tried in court. is a civil rights statute. -- it is a civil rights statute. they can be a perfectly legitimate plaintiffs to bring a lawsuit, and there are a number of people who belong to disability organizations that actually, that is what their livelihood is, bringing these lawsuits. the gentleman over here, who was also a lawyer knows of at least one case involving two lawsuits. they started all neighborhoods. the target places like san francisco because this is an old city with old buildings, virtually none of which comply. we only have new construction that would be billed to 1988 compliance standards, usually. whatever kind of business you have, the build
you will get a tax credit. if you need to make changes in the structure of your premises, there are also tax credits for that. most of these cases start with a letter. a demand letter. that is usually signed not by a lawyer, but by it up plaintive. the plaintiff may not be a professional plaintiff. that does not make any difference. the defense has been tried in court. is a civil rights statute. -- it is a civil rights statute. they can be a perfectly legitimate plaintiffs to bring a lawsuit,...
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Mar 22, 2013
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and they are trying to match the w2s with your tax return. irs was able to stop over $1.4 billion in 2011 on this type of fraud. but, again it's part of it. >> and how much went. >> we are thinking $5 billion a year. >> what are the best ways people can protect themselves? >> file early. you can only use your social security number once to file a return. if you file first you're beating the criminal to the punch. the second thing you want to do is listen, don't use your mailbox in front of your home to send out your mail or your bank accounts or your bills. because when you put up that flag on your home you are sending a flag to the criminals to come to your mailbox to get your information that they can use. and third getting back to the violence because of homes are being broken into. cars are being broken into because these numbers are worth a lot. keep your financial information and documents in a safe. you can go to any hardware store and get a safe and put them in your homep that is a way of protecting yourself. >> anderson: and it's gre
and they are trying to match the w2s with your tax return. irs was able to stop over $1.4 billion in 2011 on this type of fraud. but, again it's part of it. >> and how much went. >> we are thinking $5 billion a year. >> what are the best ways people can protect themselves? >> file early. you can only use your social security number once to file a return. if you file first you're beating the criminal to the punch. the second thing you want to do is listen, don't use your...
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tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and lastly, the c.b.c. balanced approach stands up for important programs like social security, medicare, and medicaid that have nothing to do with the economic mess that we find ourselveses in right now. now we don't have a short-term deficit crisis in america. that's what the independent objective economists have concluded. the speaker of the house of representatives has acknowledged we don't have a short-term deficit crisis. the chairman of the budget committee just yesterday acknowledged that we don't have a short-term deficit crisis. we've gained six million jobs over the last four-plus years but we
tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and...
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. >> you have tax questions we have tax answers. here is a number to dial. 7 on your side call in is now. >> thank you, later tonight video a couple guys put together that attach cameras you ca8tgñxtes0p0p >>> a food fight is back tonight the board is hearing objections to a truck that wants to narc front of a restaurant. abc 7 news joins frus the newsroom with latest on a dispute between mobile food trucks and downtown restaurants. mark? >> i first reportedthon fight last year. it's december. after downtown cafes complained food strucks had been eating into their business. there are objections to a coffee truck. they operate in an alley near fremont. the owner declined to talk with us. we know from permits he'd like to move to a more visibility location across the street from star buck autos you ask restaurants that are in this area what is the biggest part of the sfwhis coffee. >> the policy director says it's just the latest in food trucks invading downtown. traik trucks operating on permits from public works department. >> gut
. >> you have tax questions we have tax answers. here is a number to dial. 7 on your side call in is now. >> thank you, later tonight video a couple guys put together that attach cameras you ca8tgñxtes0p0p >>> a food fight is back tonight the board is hearing objections to a truck that wants to narc front of a restaurant. abc 7 news joins frus the newsroom with latest on a dispute between mobile food trucks and downtown restaurants. mark? >> i first reportedthon...
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as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site bid finance minister has been in the russian capital the entire day he's met with his russian counterpart and would be the first the deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that you are satisfied with the negotiations but no official offer has been made so far although he himself said h
as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very...
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those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european markets are in the red across the board as we've seen today. the ftse 100 down almost 1% and the xetra dax better than 1%. the ibex 35 is down 2%, roughly the same amount for the ftse mib. we can tell you that spanish and italian bonds have risen both on banks and for some of the periphery, showing pressure, as well. here is a look at some european banks. a mix there. on the left, you can see spain. banco santander down almost 4% some some cases. unicredit down almost 5%. moving to the french banks, credit agricole and bnp are showing
those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european...
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Mar 21, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to kick in a week from today. republican governor rick snyder is here. governor, good to see you. i was mentioning during the break whether when you see yourself portrayed as satan or the devil. >> it's great to be with you. i feel it's part of democracy. it was hired to do a job by my customers, the citizens of the state of michigan, and i'm doing the right thing. it's about workers rights and it's about bringing more jobs to michigan. so i'm just going to do my job. >> neil: we were talking about the possibility of an errant judge
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to...
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Mar 24, 2013
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tax. something that's -- roundly rejected everywhere else in the country. you pay the same amount of tax. i propose a tax system that's far more progressive. >> i don't think we do have a fair -- flat income tax. i disagree with john and p it is progress. >> slightly gradual. >> don't forget, new york city now with the -- with new york state increasing the tax rate p. you are talking about some people paying 54% of their income in taxes. it is pretty high. i don't think that's a big problem. i think we -- one of the things i want -- always point out when i passed the living wage law, giuliani called it forgive sxlus would destroy the economy. nothing happened. minimum -- would need to raise the minimum wage. it has a multiplier effect. it helps -- we are all better off. >> let me play devil's advocate. you are all -- >> while you are doing that can i have a scone? >> yes. >> thank you. >> you are all on the democrats. when we are talking about the solutions and income and inequality, let m
tax. something that's -- roundly rejected everywhere else in the country. you pay the same amount of tax. i propose a tax system that's far more progressive. >> i don't think we do have a fair -- flat income tax. i disagree with john and p it is progress. >> slightly gradual. >> don't forget, new york city now with the -- with new york state increasing the tax rate p. you are talking about some people paying 54% of their income in taxes. it is pretty high. i don't think that's...
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you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this count
you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really...
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Mar 24, 2013
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in taxes. and democratic strategist donna brazil who i really respect and like noted that her health insurance was sharply higher than before obama care and she was shocked. donna said this. she said just got off the phone with my healthcare provider asking them to explain why my premium jumped up. no good answer. well, donna needs to watch my show more! because i have been saying since the passage of obama care that you cannot add 30 million people to the healthcare system, give them government designed benefits guaranteed to cover people even if they seek coverage after they develop a serious illness requiring lifetime extensive treatment, mandate that the coverage that people neither need nor want have to be had including like forcing 60-year-old women to have maternity benefits and somehow all of that is supposed to cost less money. that is not medicine. that is magic and even bil bill maher is wishing he could get his money back to cover his tax load. i found out that liberals love fair sh
in taxes. and democratic strategist donna brazil who i really respect and like noted that her health insurance was sharply higher than before obama care and she was shocked. donna said this. she said just got off the phone with my healthcare provider asking them to explain why my premium jumped up. no good answer. well, donna needs to watch my show more! because i have been saying since the passage of obama care that you cannot add 30 million people to the healthcare system, give them...
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Mar 21, 2013
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with the obamacare tax on housing that is a confiscation, confiscatory tax on assets. which is taxing income already been taxed once. people are saying we already do this. what do you think? >> first of all, i couldn't agree more. that's why i voted against obamacare and voted 30 times to repeal it. it is outrageous. i will say this. in this case congress did vote to do this they did pass obamacare. the president signed it. the supreme court declared it constitutional. those are all things i disagree with. they were done within the framework of the law. in this case congress would have acted ahead of time and made it apparent we don't favor anything like this. i think it is a little bit different. melissa: are you worried, are there internal conversations what is going on in cyprus and any spillover you might see around the world? any ensuing global slowdown because just a few hours ago they said they were cutting in half the amount of money that people can take out of the atms. they have had the banks closed for days. they are not reopening them, they say, until next
with the obamacare tax on housing that is a confiscation, confiscatory tax on assets. which is taxing income already been taxed once. people are saying we already do this. what do you think? >> first of all, i couldn't agree more. that's why i voted against obamacare and voted 30 times to repeal it. it is outrageous. i will say this. in this case congress did vote to do this they did pass obamacare. the president signed it. the supreme court declared it constitutional. those are all...
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Mar 22, 2013
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are we about to see a national internet tax, a tax on everything you buy online? it is on the hill today, and you need to see this report before your next click. and no more carrots. remember those thing. american tourist. you couldn't fit that in a carry-on if you tried. a major carrier experimenting with no more carry-s on. leave the luggage behind. you goat sit down first. it's a big change in the way america waits in line and flies away. sue is off today. simon is at the new york stock exchange. simon? >> and tyler, i'm slightly concerned for your european whack a mole you seem to have a very brutal hammer. let's move on and check where we are with the markets. after so many golden weeks of gains, it's been a little bit rough, but about 90 minutes ago we went positive. the dow went positive for the week. we were up over 90 points just shy of that, as you can see. let's have a look at where we are on the s&p right now. 1555 as we head into the weekend. we'll check on golds and brented a we work our way through the program. let's see what the mood of bob pisani
are we about to see a national internet tax, a tax on everything you buy online? it is on the hill today, and you need to see this report before your next click. and no more carrots. remember those thing. american tourist. you couldn't fit that in a carry-on if you tried. a major carrier experimenting with no more carry-s on. leave the luggage behind. you goat sit down first. it's a big change in the way america waits in line and flies away. sue is off today. simon is at the new york stock...
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a bank deposit tax be imposed now this could amount to up to nine point nine percent of of those who have more than one hundred thousand euros in the back and for many people their it's their entire life savings that they have that are they feel are now in trouble and the panic that has been stirred over the weekend people trying to get money out of the cash machines but electronic transfers have been stopped and the machines have been running out of money and people there are calling this essentially unfair unjust and simply robbery their their savings being taken away from them the president of the country however have has been painting this acceptance of the bailout as crucial for the country says that if. this requirement is not passed then the country will might be forced to get out of the euro of the euro zone area and therefore some people feel that the country has really been put in a position where it has no choice but to accept everything that has be handed down by brussels by e.u. leaders by the meetings that they have here as far as the people are concerned again they rea
a bank deposit tax be imposed now this could amount to up to nine point nine percent of of those who have more than one hundred thousand euros in the back and for many people their it's their entire life savings that they have that are they feel are now in trouble and the panic that has been stirred over the weekend people trying to get money out of the cash machines but electronic transfers have been stopped and the machines have been running out of money and people there are calling this...
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russia condemns the proposal as unfair and dangerous with some experts saying if the tax is brought in moscow may have to rethink its help ailing europe. the u.s. military maintains there is no mass hunger strike at guantanamo bay where more than one hundred detainees are reportedly starving themselves in protest mistreatment. and no war peace we also want washington and its allies have left behind in iraq as more deadly bombings strike the nation ahead of the ten year anniversary of the u.s. led invasion our top stories this hour. international news and comment live from our studio center here in moscow this is the twenty four hour a day the parliament in cyprus has delayed until tomorrow a decision on whether to allow an e.u. bailout which will cost its citizens millions of the euro's every bank customer will have their cash taxed if it goes through the plan calls panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent cynthia reports on the implications. the e.u. finance ministers as the and the international monetary f
russia condemns the proposal as unfair and dangerous with some experts saying if the tax is brought in moscow may have to rethink its help ailing europe. the u.s. military maintains there is no mass hunger strike at guantanamo bay where more than one hundred detainees are reportedly starving themselves in protest mistreatment. and no war peace we also want washington and its allies have left behind in iraq as more deadly bombings strike the nation ahead of the ten year anniversary of the u.s....
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right now since it's just rejected the bailout plan by brussels and the troika off to investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance to the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the goal seasons but at the same time added that you know official offer has been made so far although there is speculation that cyprus is going to ask russia for a loan but we do know that the country already holds moscow two and a half billion year old this is for another loan which was given to the currency back in two thousand and eleven back then it exceeded ten percent of its g.d.p. and to help its economy stay afloat with the big question now is is cyprus going for broke is it going to ask russia for a complete bailout package but the big picture is angle and merkel is completely furious with cyprus even talking to moscow about this even though it's widely acknowledged that up to thirty percent of deposits on the site side had bank accounts belong to
right now since it's just rejected the bailout plan by brussels and the troika off to investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance to the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the goal seasons but at the same time added that you know official offer has been made so far although there is speculation that cyprus is going to ask russia for a...
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very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that he was satisfied with the negotiations but no official offer has been made so far although he himself said he's not leaving moscow until an agreement is reached all of this is happening. while anger and anger a miracle being furious over cyprus talking to moscow about this all together since earlier she strongly advised the country not to even discuss the issue with anybody else but brussels or the troika and actually we know that the president personally told what he will put in about his country's problems decision to reject the european union's proposal and we also already know that cyprus alre
very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that...
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a vote that would tax deposits. they will vote tomorrow. this is an attempt to save the country from vagrancy. the dow is down. oz, the great and powerful one the box office. the movie a sequel to the wizard of oz. i got it. it is a prequel. back in a second. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. stuart: i have some breaking news on the cyprus situation. the banks there will remain closed until thursday. will there be a run on the banks? we do know that europeans are saying they will have enough money in the banks at that time so if you want to get the money out you can. charles will catch up on a beauty retailer. charles: ulta. they beat the street, but the guidance was a little so-so.
a vote that would tax deposits. they will vote tomorrow. this is an attempt to save the country from vagrancy. the dow is down. oz, the great and powerful one the box office. the movie a sequel to the wizard of oz. i got it. it is a prequel. back in a second. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand...
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Mar 18, 2013
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so if you already paid taxes on income or whatever will be taxed again and taxed hard. nearly 7%. meaning you'll have an $8,700 tax levied on you. if you managed to sock away more than $100,000 euros, you'll be forced to hand over at least 13 grand. banks in cyprus are closed today and will stay closed until thursday as parliament closed on the plan. nearly all atms are closed as the people withdraw as much as they can. now there are fears bank runs elsewhere and others, imagine if it happen here. what would we do? cowboy bill says close my accounts, bye bank! share your thoughts with us and cowboy bill. up next, a sign of the time. did you know, women and girls now outperform the guys at every level of schooling? why are women still earning less? we'll explore that question and so much more. [ male announcer ] when it comes to the financial obstacles military families face, we understand. our financial advice is geared specifically to current and former military members and their families. life brings obstacles. usaa brings retirement advice. but i'm still stubbed up. [ male anno
so if you already paid taxes on income or whatever will be taxed again and taxed hard. nearly 7%. meaning you'll have an $8,700 tax levied on you. if you managed to sock away more than $100,000 euros, you'll be forced to hand over at least 13 grand. banks in cyprus are closed today and will stay closed until thursday as parliament closed on the plan. nearly all atms are closed as the people withdraw as much as they can. now there are fears bank runs elsewhere and others, imagine if it happen...
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frantically looking to rejigger the tax. i stress, not eliminating the tax. maybe focus on the rich. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger than 100,000 grand. the next time you try to sell your house, trust me. you will hit the roof. think about that. tax not on your income, earned or unearned but your assets. what you have, what you own. your tangible assets. home here, bank account there. is there difference? no. no difference between american government taxing you for medical devices and what it deems as a medical insurance plan. taxing you not on what you make but what you have. the stuff you attain through life of work no, matter when you work or how much you made when you work. stuff you got now. to go
frantically looking to rejigger the tax. i stress, not eliminating the tax. maybe focus on the rich. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger...
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Mar 19, 2013
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, massive tax hike. number two, half a trillion dollars more in big-government spending. number three, 42% more debt with each american owing $73,000. and more than 600,000 lost jobs. here's what we won't get: we won't get balance, just more and more unbalanced tax hikes. we won't get the kind of deficit reduction our country needs, just more spending to enrich the washington establishment at the expense of main street. we won't get more jobs or a better economy or sensible reforms to prevent medicare or social security from going bankrupt. and we certainly won't get a balanced budget. not only does the senate democrat budget never balance, ever, but top washington democrats now say they simply don't care about balancing the budget anymore. they just don't care about that. well, americans do. a party that once cared about hard-working american families seems to have gone off the leftmost edge of the reservation with this budget. d.c. democrats' priorities are so far removed from the actual needs of middl
, massive tax hike. number two, half a trillion dollars more in big-government spending. number three, 42% more debt with each american owing $73,000. and more than 600,000 lost jobs. here's what we won't get: we won't get balance, just more and more unbalanced tax hikes. we won't get the kind of deficit reduction our country needs, just more spending to enrich the washington establishment at the expense of main street. we won't get more jobs or a better economy or sensible reforms to prevent...
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endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't incollusive. we were behind in both data and digital. our primary and debate process needed improvement. >> young voters are increasingly rolling their eyes at what the party represents. >> and many minorities think that republicans don't like them. or don't want them in our country. >> if hispanics think we don't want them, here they will close their ears for policies. >> bret: besides all that, everything is fine in the g.o.p. today, a report out from the head of the g.o.p., the chairman. reince priebus, who said focus group called the party narrow
endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't...
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Mar 18, 2013
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in thete tax systems world. what has changed is the arrival of this chancellor and this government who have put right the mess made by the party opposite. >> order. be the goals when exp blunkett. >> what progress has been made by the high-level panel on the development of priorities for the millennium development goals after 2015. >> i am proud to be leading the united nations high-level panel on what should replace the millennium development goals when they expire in 2015. in my view, we should put the strongest possible emphasis on attempting to banish extreme poverty from the world and that focus on extreme poverty should come first and foremost. i also hope that, in replacing and enhancing the millennium development goals, we can for the first time look at what i call the golden thread of things that help people and countries out of poverty, which includes good government, lack of corruption, the presence of law and order, justice, and the rule of law. those things can make a real difference. blunkett.id >>
in thete tax systems world. what has changed is the arrival of this chancellor and this government who have put right the mess made by the party opposite. >> order. be the goals when exp blunkett. >> what progress has been made by the high-level panel on the development of priorities for the millennium development goals after 2015. >> i am proud to be leading the united nations high-level panel on what should replace the millennium development goals when they expire in 2015....
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but high taxes is bad for business so the low-tax state like texas draw in businesses with lower unemployment rate. >> this is why people leave california. state budgets are broke and they are trying to raise taxes and the states with the lowest taxation track businesses. this is cruel to give something out to encourage small business and take it back. that is extreme. >> bret: not sigh press but it's extreme. >> we have to revise doomsday pronouncement. we have been saying that america is headed the way of greece. i would say it's headed the way of cyprus. if you start to confiscation people's money retroactively you have a problem on your hands. if you put it to the vote for people at stake, you get a result today in the parliament that nobody, not a member of the parliament supported the agreement to government itself proposed. the government party, not one of them voted yes. it obtained on a proposal it agreed to. >> bret: the state says affected taxpayers can request a waiver and hope they can struck a deal. we will follow this one. that is it for the panel. stay tuned to see the winner
but high taxes is bad for business so the low-tax state like texas draw in businesses with lower unemployment rate. >> this is why people leave california. state budgets are broke and they are trying to raise taxes and the states with the lowest taxation track businesses. this is cruel to give something out to encourage small business and take it back. that is extreme. >> bret: not sigh press but it's extreme. >> we have to revise doomsday pronouncement. we have been saying...
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edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention center. and barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policy it's. very good even if you just joined us is kevin over here live the r.t. new center tonight our top story the scenes overleaf and celebration greeted the cypriot parliament's rejection of that tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a tenth of the savings had been condemned by officials in the public alike but the country of course now finds itself on th
edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention...
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life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policies. and an iraqi terrorist group with links to al qaeda claims responsibility for bombings that killed dozens in baghdad further unsettle the country ten years on from the u.s. led invasion. all over again even she if you're just joining us my name is kevin and this is art international live from moscow our top story that you just heard scenes of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a t
life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to...
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Mar 19, 2013
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